New Delhi, Jan. 4 -- The Federation of Indian Micro and Small & Medium Enterprises (FISME) has called for immediate government intervention following the recent HSBC India Manufacturing Purchasing Manager's Index (PMI) report, which revealed manufacturing activity has hit a 12-month low.

The industry body presented its concerns during a meeting with Chief Economic Advisor V Nageswaran, where it outlined several key recommendations to address the impact of increasing protectionist measures on the sector.

Central to FISME's proposals is the recommendation for comprehensive analysis of quality control orders (QCOs), anti-dumping measures, and safeguard duties by prestigious institutions such as the Indian Institutes of Management or the In...